Banks May Cut Ties With Facebook if Libra Is Launched: ING CEO
ING CEO Ralph Hamers thinks that banks may have to cut ties with Facebook if Libra is launched Go to Source Powered by WPeMatico
Banking
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Cashaa Launches Banking Solution for Indian Crypto Owners
Banking services platform Cashaa is offering a solution for Indian crypto owners facing banking restrictions imposed by the country’s central bank, the Reserve Bank of India (RBI). The service allows users to deposit up to 1 crore rupees (~$141,012) per month to purchase cryptocurrencies. Also read: Indian Finance Minister Answers Crypto Questions at IMF Meeting … Read more
Bank of Cambodia: We’ll Allow More Control with Blockchain Payments
Blockchain payments will enable greater financial control and remittance efficiency, says a National Bank of Cambodia official Go to Source Powered by WPeMatico
Bitfinex Attempts to Recover $880 Million in New Court Filing
Bitfinex’s parent company filed an application in an attempt to recover $880 million Go to Source Powered by WPeMatico
HSBC Enacts a Letter of Credit on a Blockchain in Malaysia
Major bank HSBC announces first successful enactment of a letter of credit on a blockchain in Malaysia Go to Source Powered by WPeMatico
Bank of England Governor Carney Defends Facebook’s Libra Stablecoin
Bank of England governor Mark Carney defends Facebook’s choice to create a new currency Go to Source Powered by WPeMatico
Indian Supreme Court Postpones Crypto Case to November
The Supreme Court of India on Tuesday once again postponed hearing the case against the crypto banking restrictions by the Reserve Bank of India (RBI). The central bank has replied to crypto exchanges’ representation as directed by the court, which was supposed to resume hearing the case today. Also read: RBI Ban Stops Indian Police … Read more
Italian Banks Successfully Test Data Reconciliation Via Blockchain
Italian banks successfully processed the reconciliation data of an entire year of banking activity on a blockchain platform Go to Source Powered by WPeMatico
Why Bitcoin Is Better Than Banks: Major Credit Card Breach Exposes 60M Accounts
Sberbank, the largest bank in Russia with a regional and global presence, has suffered a major data breach. Personal information belonging to millions of clients is now being sold on the black market. Initial analyses suggest the trove of data for sale is real, highlighting the risks associated with traditional banking. Also read: Turkish Government … Read more
Decentralized Finance, Explained
With hundreds of millions of people excluded from the financial system, decentralized finance is being touted as the driving force behind the new economy #Sponsored Go to Source Powered by WPeMatico
